|Formerly||Polo Ralph Lauren Corporation|
New York City,
|Total assets||US$6.143 billion(2018)|
|Total equity||US$3.457 billion(2018)|
Number of employees
Ralph Lauren Corporation is an American publicly traded fashion company that was founded in 1967 by fashion designer Ralph Lauren. The company is headquartered in New York City, and it produces products ranging from the mid-range to the luxury segments. They are known for the marketing and distribution of products in four categories: apparel, home, accessories, and fragrances. The Company's brands include the mid-range Chaps brand, to the sub-premium Lauren Ralph Lauren brand, to the premium Polo Ralph Lauren, Double RL, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, and Club Monaco brands, up to the full luxury Ralph Lauren Purple Label and Ralph Lauren Collection brands.
Ralph Lauren was one of several design leaders raised in the Jewish community in the Bronx, along with Calvin Klein and Robert Denning.
Lauren started The Ralph Lauren Corporation in 1967 with men's ties. At 28 years-old, Lauren worked for the tie manufacturer Beau Brummell. He persuaded the company's president to let him start his own line. Drawing on his interests in sports, Lauren named his first full line of menswear "Polo" in 1968. He worked out of a single "drawer" from a showroom in the Empire State Building and made deliveries to stores himself.
By 1969, the Manhattan department store Bloomingdale's sold Lauren's men line exclusively. It was the first time that Bloomingdale's had given a designer his own in-store shop. In 1971, Ralph Lauren Corporation launched a line of tailored shirts for women, which introduced the Polo player emblem, appearing on the shirt cuff. The first full women's collection was launched the following year.
1972 marked the opening of Ralph Lauren's store on Rodeo Drive in Beverly Hills, California, his first freestanding store.In 1972, Lauren released a short-sleeve cotton shirt in 24 colors. This design, emblazoned with the company's famed logo—that of a polo player, created by tennis pro René Lacoste—became the brand’s signature look. In 1977 Ralph Lauren Corporation introduced a signature cotton mesh polo shirt in various colours, featuring the polo player logo on the chest.
In 1974, Ralph Lauren outfitted the male cast of The Great Gatsby in costumes chosen from his Polo line - a 1920s-style series of men's suits and sweaters, except for the pink suit which Lauren designed especially for Robert Redford’s Jay Gatsby . In 1977, Diane Keaton and Woody Allen wore Lauren's clothes in the Oscar-winning film, Annie Hall .
In 1978, the first Ralph Lauren fragrances, produced by Warner-Lauren, Ltd were launched at Bloomingdale's. Lauren for women, and Polo the men's cologne. This was the first time that a designer introduced two fragrances – one for men and one for women – simultaneously.
The company entered the European market, and went international, in 1981 with the opening of the first freestanding store in New Bond Street in the West End of London, England. Lauren opened his first flagship in the Rhinelander mansion, on Madison Avenue and 72nd Street in New York City in 1986.On June 12, 1997, the company becomes a publicly traded company on the New York Stock Exchange.
The 98-seat restaurant, RL, opened in March 1999 in Chicago adjacent to its largest and world flagship Ralph Lauren store at the corner of Chicago and Michigan Avenues on the Magnificent Mile.It was followed by the opening of two additional restaurants – Ralph's at 173 Boulevard Saint Germain Paris store in 2010 and The Polo Bar at Polo's store in New York in 2015.
The company launched its website and online shop in 2000 as polo.com by RL Media (a cooperation between Ralph Lauren and NBC). In 2007, Ralph Lauren Corporation acquired the NBC share of RL Media and the website was relaunched as ralphlauren.com. In September 2015, it was announced that Stefan Larsson would replace the company's founder, Ralph Lauren, as CEO in November. Lauren stayed on as executive chairman and chief creative officer.
In February 2017 it was announced that Larsson had agreed to leave his position as CEO effective May 1, 2017 due to differences with Lauren.On May 17, 2017, Ralph Lauren named Patrice Louvet President and Chief Executive Officer. Louvet most recently served as Group President, Global Beauty at Procter & Gamble (P&G). He took over on July 17, 2017.
In October 2020, Ralph Lauren Corporation announced that it would transition its Chaps brand to a fully licensed business model to focus on its core brands, reduce its direct exposure to the North American department store channel, and setting up the Chaps brand to be nurtured with an experienced partner.Also in October, Ralph Lauren Corporation has appointed former Obama administration consultant Valerie Jarrett to the board of directors.
In May 2021, Ralph Lauren Corporation announced it would sell its Club Monaco brand to private equity firm Regent LP.
The Company ended Fiscal 2016 with 493 directly operated stores: 144 Ralph Lauren stores, 77 Club Monaco stores and 272 Polo factory stores. The Company also operated 583 concession shop locations worldwide at the end of the year.
In addition to Company-operated locations, international licensing partners operated 93 Ralph Lauren stores and 42 dedicated shops, as well as 133 Club Monaco stores and shops at the end of Fiscal 2016.
Ralph Lauren operates its representative flagship stores in New York City on Madison Avenue – for menswear in the former Rhinelander Mansion, and for womenswear and home in another structure, across the street, which opened in 2010. The company also manages flagships, for retailing Ralph Lauren collections, in Chicago, Manhasset, Greenwich (USA), London, Milan, Tokyo, Moscow, Kyiv and Paris.
In 2005, The United States Tennis Association selects Ralph Lauren Corporation as the official apparel sponsor for the U.S. Open. As part of the partnership, all on-court ball persons and officials will be dressed in specially-designed Ralph Lauren apparel. This is Polo's first tennis sponsorship.
In 2006, Ralph Lauren Corporation became the official outfitter of Wimbledon. Lauren is the first designer in the tennis tournament’s history to be chosen to create uniforms for all on-court officials.
In 2020, Ralph Lauren Corporation became the official outfitter of the Australian Open.
Ralph Lauren Corporation is the exclusive Official Parade Outfitter for the U.S. Olympic and Paralympic Teams, with the right to manufacture, distribute, advertise, promote, and sell products in the U.S. which replicate the Parade Outfits and associated leisure wear. The Company has established a partnership with athletes serving as brand ambassadors and as the faces of the advertising, marketing, and public relations campaigns.
Ralph Lauren Corporation partners with the United States Olympic Committee to become an Official Outfitter of the U.S. Olympic Team, for the 2008 Summer Olympics in Beijing, 2010 Winter Olympics in Vancouver, 2012 Summer Olympics in London, 2014 Winter Olympics in Sochi and 2016 Summer Olympics in Rio.
Ralph Lauren designs the official Opening Ceremony and Closing Ceremony parade outfits for the U.S. teams in addition to an assortment of village-wear apparel and accessories.
Previously, the Corporation received negative press when it was found to have sourced the clothing it supplied to the 2012 athletes from China,so it vowed to source everything it produced for the 2014 Olympics from the US. Kraemer Textiles Inc. spun around 6,000 pounds of Merino wool yarn from Imperial Stock Ranch in Oregon, which was then sent to Longview Yarns in North Carolina to be dyed. The clothing assembly was completed by Ball of Cotton in California. Ultimately, 40 American vendors were involved with production.
In 1989, it co-Founded the Nina Hyde Center for Breast Cancer Research at Georgetown University Hospital in Washington D.C. in memory of the late Post fashion correspondent.
In 1994, Ralph Lauren acted as chairman and creates the name and symbol for Fashion Targets Breast Cancer, a charitable initiative of the CFDA that marshals the goodwill and services of the fashion industry to raise public awareness and funds for breast cancer internationally.
In 2000, Ralph Lauren Corporation launched its Volunteer Program, which energises employees and creates meaningful connections with the communities in which they work.
On September 15, 2000, Ralph Lauren Corporation launched the Pink Pony Campaign, a national initiative to reduce disparities in cancer care by raising awareness as well as enhancing prevention, screening, and treatment in poor and underserved communities.
In 2001, the Polo Ralph Lauren Foundation established the American Heroes Fund following September 11 to allow Polo's 10,000 employees worldwide, as well as their customers, the opportunity to participate in the relief effort.
In 2003, Ralph Lauren established the Ralph Lauren Center for Cancer Care and Prevention in Harlem. The Center is a collaboration between Ralph Lauren, Memorial Sloan-Kettering, and North General Hospital in Harlem, New York City.
In 2004, the Polo Fashion School was established, in which company executives work with inner-city youth to offer insights into the fashion business.
Established in 2006, the Polo Jeans G.I.V.E. (Get Involved Volunteer Exceed) campaign was created to inspire and encourage community service through volunteerism by supporting the efforts of dedicated volunteers and their causes.
In 2008, the Star-Spangled Banner, the original 1813 flag that inspired Francis Scott Key to write the National Anthem, was preserved by a $10 million contribution to Save America's Treasures from Polo Ralph Lauren in 1998. The flag was then unveiled on Wednesday, November 19, 2008 in a new gallery at the Smithsonian National Museum of American History, in Washington D.C.
In July 2013, Ralph Lauren Corporation announced its commitment to restore the elite École des Beaux-Arts in Paris, one of the most influential art schools in France.
In 2014, Ralph Lauren Corporation partnered with The Royal Marsden NHS Foundation Trust, the largest and most comprehensive cancer center in Europe, to develop a world-class breast cancer research facility. In 2016, Ralph Lauren Corporation opened the Royal Marsden Ralph Lauren Center for Breast Cancer Research.
In March 2020, Ralph Lauren Corporation donated $10m and started making isolation gowns and medical masks to support the COVID-19 fight.
Levi Strauss & Co. filed a lawsuit against Abercrombie & Fitch and the RL Corporation in July 2007 for trademark infringement. It alleged that the separate retailers used Levi's trademarked pocket design of connected arches in the design of some of their respective products.
The Polo brand sold in South Africa is not affiliated with the Ralph Lauren brand. An independent South African company trademarked the Polo name and logo in South Africa.
In 2009, Ralph Lauren apologized for digitally retouching a photograph of model Filippa Hamilton to make her look thinner.Hamilton also claims that she was fired by the company a few days later.
After branding the sale of sweaters online as "Cowichan", it was reported that Cowichan Tribes would take "steps to communicate with Ralph Lauren and ensure that our product and name is protected". [ citation needed ]A petition through Change.org was set up to encourage Ralph Lauren to take action. This resulted in the product line being taken out of circulation and all mention of the name was removed from the Ralph Lauren website; there have been no further complaints from the Cowichan Tribe since.
Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for the Ralph Lauren Corporation, a global multibillion-dollar enterprise. He has become well known for his collection of rare automobiles, some of which have been displayed in museum exhibits. Lauren stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of 2019, Forbes estimates his wealth at $6.3 billion, which makes Ralph Lauren the 102nd richest person in America.
American Eagle Outfitters, Inc., also known as American Eagle, is an American lifestyle, clothing, and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is also the parent company of Aerie.
Sean John is a privately held fashion lifestyle company created by music mogul Sean Combs. The line made its fashion debut with a men's sportswear collection for the spring 1998 season Individuals of note who have represented the brand in advertising and marketing include Combs himself, musicians Nelly, T.I., Mariah Carey, Nas, Fabolous, Dolla, Usher, Pharrell Williams, Mary J. Blige, Rick Ross, Mack Wilds, and Busta Rhymes, actors Lauren London, Cassie Ventura, Jamie Foxx, Penélope Cruz, Jussie Smollett, and Vincent Pastore, athlete Dwyane Wade, fashion models Tyson Beckford, Naomi Campbell, Channing Tatum, and many notable DJs.
Nautica is an American apparel brand of Authentic Brands Group featuring primarily men's, women's, children's apparel and accessories, as well as home, watches, and fragrance. Nautica was founded in 1983 by clothing designer David Chu and a partner. It was purchased for cash and stock in 1984 by State-O-Maine, a New York-based apparel company. State-O-Maine changed its name to Nautica in 1994. VF Corporation purchased Nautica in 2003.
Ruehl No.925 was an upscale clothing brand owned by Abercrombie & Fitch, selling apparel, leather goods, and luxury goods. Themed after New York City's Greenwich Village, the store was meant to attract post-graduate individuals aged 22 to 35, competing primarily with J.Crew, Polo Ralph Lauren, and American Eagle Outfitters' equally short-lived spinoff Martin + Osa. Ruehl was the only brand in the Abercrombie portfolio that sold black clothes.
The Buckle, Inc. is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other accessories.
Alfred Sung is a Canadian fashion designer and businessman. He is well known for producing apparel, fragrance, accessories and home fashions for women and men. He was born in Shanghai and raised in Hong Kong. Sung is the brother of late Hong Kong actress Lydia Shum. He is also a founder of Club Monaco, a mid-priced, high-end casual clothing retailer.
The Izod Corporation is an American midrange clothing company that produces dressy-casual clothing, sportswear for men, and footwear and accessories. It is a division of Authentic Brands Group. Other Izod classics include the Harrington jacket G-9 model and V-neck and cardigan sweaters. Today, the Izod brand competes most directly with the similarly priced Chaps brand owned by Ralph Lauren Corporation, while competing more indirectly with U.S. Polo Assn.
Club Monaco is a Canadian-founded high-end casual clothing retailer owned by Ralph Lauren Corporation. With more than 140 locations worldwide, the retailer has locations in the United States, Canada, Hong Kong, Macao, Taiwan, South Korea, China, the United Arab Emirates, Malaysia, Indonesia, Singapore, Saudi Arabia, Sweden, Turkey, and United Kingdom.
Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group.
Calvin Klein Inc. is an American fashion house established in 1968. It specializes in leather, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear. The company has substantial market share in retail and commercial lines as well haute couture garments.
Adidas Originals is a brand of a line of casual and sportswear created by German multinational corporation Adidas. It consists of a heritage line, specializing in athletic shoes, t-shirts, jackets, bags, sunglasses and other accessories.
David Lauren is an American businessman. He is the middle child and youngest son of clothing designer Ralph Lauren and husband of Lauren Bush.
Tommy Hilfiger B.V., formerly known as Tommy Hilfiger Corporation and Tommy Hilfiger Inc., is an American premium clothing brand, manufacturing apparel, footwear, accessories, fragrances and home furnishings. The company was founded in 1985, and the brand's merchandise is sold in department stores and over 2000 free-standing retail stores in 100 countries. In 2006, private equity firm Apax Partners acquired the company for approximately $1.6 billion. In March 2010, PVH Corp. bought the company. Daniel Grieder was appointed CEO in July 2014, while founder Tommy Hilfiger remains the company’s principal designer, leading the design teams and overseeing the entire creative process. Global sales in retail through the brand were US $6.4 billion in 2013, and $6.7 billion in 2014. Of PVH's preppy-styled brands Tommy Hilfiger is the higher priced of the two, slotting above Izod in the lineup.
Joseph Mimran is a Moroccan-Canadian fashion designer and entrepreneur who is best known for launching the Club Monaco and Joe Fresh brands. In 2015, he was announced as one of the new "dragon" investors on Season 10 of the Canadian version of the Dragons' Den television series.
Mindy Grossman is the CEO of WW International. The Financial Times listed her in the top 50 women in world business in 2010 and 2011, and she has been ranked among Forbes' 100 most powerful women in the world for the years 2009, 2011, 2012, and 2013. In 2014 she was #22 in Fortune's Top People in Business.
Fabletics is an American, global, active-lifestyle brand that sells both men's and women's sportswear, footwear and accessories, commonly referred to as "athleisure". The company operates on a membership model and is known for its e-commerce business approach and also has over 50 brick-and-mortar stores. The brand has a membership program that allows shoppers to become "VIP Members," with access to special membership discounts and perks. Fabletics offers its members personalized outfits chosen for them based on their lifestyle and fashion preferences and releases capsules weekly in sizes XXS-4X for women and monthly in sizes XS-XXL for men. Through the Polish operator Orange - access to the site is closed.
Arvind Limited is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It has also recently ventured into technical textiles when it started Advanced Materials Division in 2011. It is India's largest denim manufacturer
Robert Graham is a New York-based luxury men's fashion brand launched in 2001, taking its name from its co-founders, fashion designer Robert Stock and textile designer Graham Fowler. It is known for its use of complicated and colorful fabric patterns, including contrasting patterns inside the cuffs of its shirt sleeves.
Todd Snyder is an American fashion designer based in New York City. He founded his eponymous fashion label in 2011. The brand was acquired by American Eagle Outfitters in 2015.
Polo Ralph Lauren Corp. will become the first external company in 129 years to outfit the tournament's on-court officials, who will exchange their green polyester grass-blending jackets for smart navy blue ones. In the past, Wimbledon has done its own design of officials' uniforms.
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